Data Storage Corp reports results for the quarter ended in March - Earnings Summary

Data Storage

15/05/2024 23:39

* Data Storage Corp  DTST.OQ  reported quarterly adjusted
earnings
of 5 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 1 cents.  The lone analyst forecast for the quarter was
for earnings of 3 cents per share. 
    * Revenue rose 19.7% to $8.24 million from a year ago;
analysts
expected $7.30 million. 
    * Data Storage Corp's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $357.1
thousand.
    * Data Storage Corp shares had fallen by 0.2% this
quarter and
gained 98.3% so far this year.

FORECAST CHANGES
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for Data Storage Corp
is $9.00 
This summary was machine generated from LSEG data May 15 at
10:38 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.03           0.05           Beat
 Jun. 30 2023      0.02           0.03           Beat